Determine whether the following statement is true or false: Finding a suitable buyer is the most important consideration when developing an exit strategy for an entrepreneurial venture. Select one: O a. True; if the buyer is inexperienced, the company risks financial loss and long-term failure. O b. True; a business's valuation is determined by the buyer's financial resources. O c. False; there are numerous factors to consider, including company valuation and personal goals/objectives. O d. False; the most important consideration for an entrepreneur is profitability.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Determine whether the following statement is true or
false: Finding a suitable buyer is the most important
consideration when developing an exit strategy for an
entrepreneurial venture.
Select one:
O a. True; if the buyer is inexperienced, the
company risks financial loss and long-term
failure.
O b. True; a business's valuation is determined by
the buyer's financial resources.
O c.
False; there are numerous factors to consider,
including company valuation and personal
goals/objectives.
O d. False; the most important consideration for an
entrepreneur is profitability.
4
Transcribed Image Text:of tion Determine whether the following statement is true or false: Finding a suitable buyer is the most important consideration when developing an exit strategy for an entrepreneurial venture. Select one: O a. True; if the buyer is inexperienced, the company risks financial loss and long-term failure. O b. True; a business's valuation is determined by the buyer's financial resources. O c. False; there are numerous factors to consider, including company valuation and personal goals/objectives. O d. False; the most important consideration for an entrepreneur is profitability. 4
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